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New JerseyA794221st Legislature (2026-2027)House

Modifies procedures for determination and payment of fair market value in distressed municipalities; concerns real property that is abandoned, vacant, or subject to unpaid taxes.

Sponsored By: David Bailey Jr. (Democratic), John J. Burzichelli (Democratic), William W. Spearman (Democratic), Shirley K. Turner (Democratic), Michael Venezia (Democratic)

Passed Legislature

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsors

  • David Bailey Jr.

    Democratic • House

  • John J. Burzichelli

    Democratic • Senate

  • William W. Spearman

    Democratic • House

  • Shirley K. Turner

    Democratic • Senate

  • Michael Venezia

    Democratic • House

Cosponsors

  • Katie Brennan

    Democratic • House

  • William F. Moen Jr.

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 85 • No: 26

Senate vote • 10/22/2026

3RDG FINAL PASSAGE

Yes: 27 • No: 10

House vote • 5/18/2026

3RDG FINAL PASSAGE

Yes: 58 • No: 16 • Other: 3

Actions Timeline

  1. Passed Senate, PBH — (27-10)

    10/22/2026Senate

  2. Substituted for S725 (1R)

    10/22/2026Senate

  3. Reported, 2nd Reading in Senate

    6/11/2026Senate

  4. TRANS Senate State Government, Wagering, Tourism & Historic Preservation Committee

    6/8/2026Senate

  5. Received in Senate, Referred to Senate Community and Urban Affairs Committee

    5/18/2026Senate

  6. Passed Assembly — (58-16-3)

    5/18/2026House

  7. REP/ACA, 2nd Reading in Assembly

    5/14/2026House

  8. Introduced, 1st Reading in Assembly, Referred to Assembly Housing Committee

    1/13/2026House

Bill Text

  • Assembly Housing (5/14/26 1R)

    10/23/2026

    HTMLPDF

  • Senate State Government, Wagering, Tourism & Historic Preservation Substitute (6/11/26 1R)

    6/12/2026

    HTMLPDF

  • Assembly Housing Substitute (5/14/26)

    5/15/2026

    HTMLPDF

  • As Introduced

    3/13/2026

    HTMLPDF

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